担保债权凭证“是一种将有稳定收入流的固定资产组合，如住房抵押贷款打包而成的有价证券。”
"Collateralized Debt Obligations" are securities based upon a portfolio of fixed income-producing assets, such as home mortgages.
如果你的模型告诉你某一债券比其回报率所暗示的安全性要高，比如担保债权凭证，那么你就得假设其中有隐藏的风险。
If your models tell you that a security is safer than its returns imply, as with CDOs, that might just suggest hidden risks.
包买票据是商业银行对出口商持有，并经银行担保的债权凭证无追索权购买的金融服务活动。
Package buying instruments are financial services activities held by commercial banks to exporters, and guar-anteed by banks of debt certificate of non-recourse buying.
包买票据是商业银行对出口商持有，并经银行担保的债权凭证无追索权购买的金融服务活动。
Package buying instruments are financial services activities held by commercial banks to exporters, and guar-anteed by banks of debt certificate of non-recourse buying.
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